(BRK.A), (BRK.B)
Higher carload numbers brought good news to BNSF Railway when compared to its 2016 numbers.
Slumping volumes in 2016 saw the total intermodal and carload volumes down 4.94% from 2015 levels, with coal shipments slumping 20.88% from 2015 levels.
In 2017, rebounding coal carloads led the way in the recovery, with shipments up a solid 6.49%, as compared to 2016.
Also up a solid 6.23% were intermodal shipments.
Petroleum shipments continued to slide, with final numbers down 13.39%.
In summary, it was strong year for BNSF, with the combined carloads including intermodal up 5.48%.
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.
(BRK.A), (BRK.B)